Money and Finance
- Links
Eddie Lampert's 2015 letter to Sears shareholders (LINK) Banks Brace for Potential Energy Losses (LINK) Farnam Street: James Cash Penney and the Golden Rule (LINK) Did the Universe Have a Beginning? (LINK) Book of the day [H/T Derek Sivers]:...
- Eddie Lampert: Turnarounds And Transformations
Link to: Turnarounds and TransformationsAt Sears Holdings’ annual stockholders meeting this week, we talked a lot about the difference between turnarounds and transformations. I want to share some of those thoughts here. Turnarounds happen when...
- Sears Says Lampert To Take Over As Ceo
Sears Holdings Corp. (SHLD) said Lou D’Ambrosio is stepping down as chief executive officer and Chairman Edward Lampert will take over the job as the billionaire hedge fund manager works to revive the retailer. The sudden departure of D’Ambrosio,...
- Bronte Capital: Sears Holdings Liquidation Sale
The case made below about a liquidation valuation not being the best way to look at Sears because of the large number of employees is similar to the points made by Mohnish Pabrai at the Pabrai Funds Chicago Annual Meeting earlier this year. A good item...
- Eddie Lampert Issues Letter To Sears Associates
Yesterday, Sears Holdings announced our results for the third quarter of 2007. While we were not pleased with these results, much of the commentary in the media and on Wall Street following the results ignores the strength of our company and the progress...
Money and Finance
Eddie Lampert's Letter to Sears Shareholders
Link to: Eddie Lampert's Letter to Sears Shareholders
I am writing to you after my first full year serving as both your Chairman and Chief Executive Officer.
While our financial results remain challenged, 2013 may have been the year that justifies why so many people across Sears Holdings have been working for several years on our transformation from a traditional, store-based retailer to a membership company that serves its members across an integrated retail platform.
Furthermore, if the way the entire American retail industry ended 2013 is any indication, I believe 2014 may well be a year in which Sears Holdings begins to clearly demonstrate the advantages of this transformation.
That may sound odd given our financial results, but this letter will detail why I believe that. To be clear, it is not because our performance is where we need it to be. It isn't. But not only do I believe that we are headed in the right direction in important ways, I believe the entire retail industry is headed to where we already are.
- Links
Eddie Lampert's 2015 letter to Sears shareholders (LINK) Banks Brace for Potential Energy Losses (LINK) Farnam Street: James Cash Penney and the Golden Rule (LINK) Did the Universe Have a Beginning? (LINK) Book of the day [H/T Derek Sivers]:...
- Eddie Lampert: Turnarounds And Transformations
Link to: Turnarounds and TransformationsAt Sears Holdings’ annual stockholders meeting this week, we talked a lot about the difference between turnarounds and transformations. I want to share some of those thoughts here. Turnarounds happen when...
- Sears Says Lampert To Take Over As Ceo
Sears Holdings Corp. (SHLD) said Lou D’Ambrosio is stepping down as chief executive officer and Chairman Edward Lampert will take over the job as the billionaire hedge fund manager works to revive the retailer. The sudden departure of D’Ambrosio,...
- Bronte Capital: Sears Holdings Liquidation Sale
The case made below about a liquidation valuation not being the best way to look at Sears because of the large number of employees is similar to the points made by Mohnish Pabrai at the Pabrai Funds Chicago Annual Meeting earlier this year. A good item...
- Eddie Lampert Issues Letter To Sears Associates
Yesterday, Sears Holdings announced our results for the third quarter of 2007. While we were not pleased with these results, much of the commentary in the media and on Wall Street following the results ignores the strength of our company and the progress...